BTC Evening Analysis
Dear friends! In the cryptocurrency trading circle, there is a "curse" that cannot be ignored. At the end of the month, the market trend is highly likely to drop sharply like a waterfall. Looking back at the trends of past months, it is almost impossible to escape this disaster. Therefore, one must be cautious when going long at this moment and refrain from rushing in.
Take Ethereum as an example; it has now released a rather obvious doomsday rally signal. Experienced players should understand what this implies, as often after this wave of increase, a major reversal follows.
Today's market pressure point is highly concentrated at 99000, while the support level is at 95000. If there is a slight rebound in the market, do not be misled by that small movement, as it is the perfect time to short. As for Ethereum, do not hesitate; seize the opportunity to short it!
Trading Suggestions:
Short Bitcoin around 99000, target 97000-95500
Short Ethereum around 3550, target 3480-3400
